Observatory · observe first

Follow the allocation change

Matched S&P 500 members → sector → industry → sub-industry → company. Each step uses the same percentage points.

Historical time machine

Historical observation

20182026

Universe›Financials›Diversified Banks›Diversified Banks

1 · Sector

Weight and 12M allocation change

Information Technology39.6%+4.74 pp Consumer Discretionary12.3%+1.05 pp Utilities2.7%-0.15 pp Financials11.2%-0.18 pp Industrials9.5%-0.27 pp Energy2.2%-0.34 pp Communication Services2.1%-0.37 pp Real Estate2.1%-0.48 pp Materials2.0%-0.52 pp Consumer Staples5.9%-1.08 pp Health Care10.5%-2.40 pp

2 · Industry

Inside Financials

Transaction & Payment Processing Services0.80%-0.38 pp Asset Management & Custody Banks1.31%+0.28 pp Investment Banking & Brokerage1.38%+0.27 pp Diversified Banks3.74%+0.23 pp Property & Casualty Insurance0.90%-0.22 pp Financial Exchanges & Data0.89%-0.18 pp Insurance Brokers0.55%-0.17 pp Consumer Finance0.81%+0.17 pp Life & Health Insurance0.34%-0.09 pp Regional Banks0.28%-0.06 pp Multi-line Insurance0.15%-0.03 pp Reinsurance0.03%-0.01 pp Multi-Sector Holdings0.00%-0.00 pp

3 · Sub-industry

Inside Diversified Banks

Diversified Banks3.74%+0.229 pp

Concentrated

Most of this industry's gains came from a few companies.

View all contributions →

Diversified Banks · weight

3.74%

Industry change · 12M

+0.23 pp

Diversified Banks · contribution

+0.229 pp

Company participation

29%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Oct 2025 · sorted by absolute contribution to 12-month change

Company	Country	Market cap	Universe weight	3M contribution	12M contribution	12M price return	Above 6M weight average
JPMorgan Chase → JPM	United States	$855.5bn	1.676%	-0.060 pp	+0.208 pp	+43.2%	No
Citigroup → C	United States	$186.4bn	0.365%	-0.004 pp	+0.077 pp	+62.6%	Yes
PNC Financial Services → PNC	United States	$71.9bn	0.141%	-0.018 pp	-0.035 pp	+0.6%	No
U.S. Bancorp → USB	United States	$72.6bn	0.142%	-0.005 pp	-0.035 pp	+1.0%	No
Wells Fargo → WFC	United States	$273.0bn	0.535%	-0.018 pp	+0.027 pp	+36.9%	No
Truist Financial → TFC	United States	$57.1bn	0.112%	-0.007 pp	-0.024 pp	+8.8%	No
Bank of America → BAC	United States	$390.3bn	0.765%	+0.026 pp	+0.010 pp	+30.8%	Yes

Company contributions use weights among matched S&P 500 members and add through each level without rescaling. Companies without matched shares and prices are omitted. These observations do not establish official index weights or actual fund flows.